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Call her at (604) 484 6236 to schedule a free no obligation consultation.
Regards,
The D'Arcy Harris Team
P.S This week I found some great articles about the so-called bubble, definitely worth a read (see below). Also, be sure to check out investment property listings, there are some that have dropped their price considerably and even more that have been on for quite some time. Both factors equal opportunity!
P.P.S: If you’re thinking of selling your home, I’ve put together a list of 27 things you NEED to know before you list, get it here for free:
P.P.S: If you are receiving this newsletter from someone else and would like to sign up to receive it directly, please click here:
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Vancouver Lofts:
Investment and Revenue Properties:
Vancouver House Foreclosures:
Vancouver Apartment Foreclosures:
House for sale by owner! Check it out:
Would you like to have access to all the new listings that match your home buying criteria, including area, price range and style of home, emailed to you directly? Tired of leafing through hundreds of listings to find what you’re looking for? This is a free service and will allow you to view only the homes that you're interested in seeing. Become a VIP Buyer and beat other buyers to all the hot new listings in Vancouver. How does it work? Visit:
http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list
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INVESTOR ALERT:
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Are you still Renting? Discover the 10 Step Checklist to Home Ownership.
If you complete all 10 items, you WILL own your home within the next 6 months. There is no reason to rent for any longer than you have to.
If you want the Checklist before anyone else, email me with your request, or call me at 1 866 369 3532
Reed Harris,
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5 Tips: Research can help you get the best price for your home.
”Timing the real estate market, however, is tougher than it looks. If your plan is to hang onto your house for the long haul, you'll inevitably weather the ups and downs of the market and end up ahead. But if you're more interested in today's gain or if you simply want some tools for evaluating prices, check out today's Five Tips. “
http://money.cnn.com/2005/02/18/pf/saving/willis_tips/
Real estate market may slow but don't expect bubble to burst
”Defining a real estate bubble based on increased housing prices is misleading because real estate is dependent upon carrying costs. For instance, if someone bought a house 15 years ago for $350,000 and took out a $300,000 mortgage at 10% the cost would have been $2,632.71 a month. If someone bought the same house today for $600,000 and took on a $500,000 mortgage at 6% (and cheaper rates are available) the carrying cost would be $2,997.75 a month. The house price jumped but the mortgage payments didn't.”
http://www.canada.com/search/story.html?id=bd0035f4-4b7f-48af-a13f-24f50709fa34
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May Home Sales Soar to Record High
”The Real Estate Board of Greater Vancouver (REBGV) reports overall residential sales in May soared to an all time high. Condo sales were the best ever on record. Attached sales reached the highest level since March 1992 and detached sales rose to the highest level since April 2002. Sales of detached, attached and apartment properties increased by 13.2 per cent to 4,434 units sold in May 2005, compared to 3,916 sales in May 2004.”
” According to Multiple Listings Service data, sales of apartment properties increased 11.8 per cent in May 2005 to 1,974 sales, compared to 1,766 sales in May 2004. The benchmark price of an apartment property in Greater Vancouver, calculated by the Board’s Housing Price Index, is $258,439, up 13.1 per cent from one year ago.
Sales of attached properties increased 17.3 per cent in May 2005 to 684 units sold, compared to 583 units in May 2004. The benchmark price of an attached unit is $325,650, up 8.9 per cent from May 2004.
Sales of detached properties totalled 1,776, an increase of 13.3 per cent compared to 1,567 sales in May 2004. The benchmark price of a detached home increased to $523,603, up 8.7 per cent from a year ago. “
Read the entire article:
http://www.realtylink.org/statistics/monthlyreport.cfm?news=0605&TYPE=buyers
Each month, I publish a series of articles of interest to homeowners- money-saving tips, household safety checklists, home improvement advice, real estate insider secrets, etc. Information that won’t fit in this newsletter, check it out:
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We supply this information to you free of charge and without obligation with the hope that when you decide to buy or sell your home, you’ll call the D’Arcy Harris Team to help make it a reality. If we do all this for free, imagine what we do when we’re working together!
I invite you to forward this newsletter on to friends and family.
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Thanks for Reading!
D'Arcy R. Harris
Fax: 604 488 0885
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